2023
Flag  
GDP
$809BCURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 62 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$22,057CURRENT US$
Rnk 59 / 195
2013-2023
Flag
GDP PC GROWTH
61.9%CURRENT US$
Rnk 28 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Poland-Singapore Trade: In 2023, Poland exported $569M to Singapore. The main products that Poland exported to Singapore were Gas Turbines ($132M), Air Pumps ($27.4M), and Video Recording Equipment ($24.1M). Over the past 5 years the exports of Poland to Singapore have increased at an annualized rate of 3.78%, from $473M in 2018 to $569M in 2023.

In 2020, Poland exported services to Singapore worth $378M, with Other business services ($244M), Computer and information services ($60.7M), and Transportation ($52.2M) being the largest in terms of value.

Singapore-Poland Trade: In 2023, Singapore exported $591M to Poland. The main products that Singapore exported to Poland were Orthopedic Appliances ($139M), Integrated Circuits ($69.9M), and Gas Turbines ($48.6M). Over the past 5 years the exports of Singapore to Poland have increased at an annualized rate of 2.87%,  from $513M in 2018 to $591M in 2023.

In 2023, Singapore did not export any services to Poland.

Comparison: In 2023,  Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Poland exported $569M to Singapore. The main products exported from Poland to Singapore were Gas Turbines ($132M), Air Pumps ($27.4M), and Video Recording Equipment ($24.1M). During the last 5 years the exports of Poland to Singapore have increased at an annualized rate of 3.78%, from $473M in 2018 to $569M in 2023.

In 2018, Singapore exported $591M to Poland. The main products exported from Singapore to Poland were Orthopedic Appliances ($139M), Integrated Circuits ($69.9M), and Gas Turbines ($48.6M). During the last 5 years the exports of Singapore to Poland have increased at an annualized rate of 2.87%, from $513M in 2023 to $591M in 2018.

Exports from Poland (Flag) to Singapore (Flag) (2023)

Exports from Singapore (Flag) to Poland (Flag) (2023)

Latest Data

Trade between Poland (Flag) and Singapore (Flag)

Poland Exports

Singapore Exports

Market Competitiveness

Color
Poland
Top Destination
Germany$84B
Singapore
Top Destination
Hong Kong$44.5B

This map shows whether countries import more from Poland or Singapore. Each country is colored based on the difference in imports they receive from Poland and Singapore or the difference in the growth in imports.

In 2023, countries that imported more from Poland than Singapore included Germany ($84B), Czechia ($19.3B), and France ($19.1B).

In 2023, countries that imported more from Singapore than Poland included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

Difference in imports from Singapore (Flag) and Poland (Flag) (2023)

Comparative Advantage Poland - Singapore

Flow
Scale

This chart compares trade between Poland and Singapore by product, considering products traded by both, Poland and Singapore.

During 2023, Poland had a large net trade with Singapore in the exports of Machines ($339M), Instruments ($45M), and Foodstuffs ($36.8M).

During 2018, Singapore had a large net trade with Poland in the exports of Machines ($303M), Instruments ($164M), and Chemical Products ($75.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Poland Singapore+$24.2MGas Turbines
Top Product Potential Singapore Poland+$72.1MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Poland and Singapore. This means that a dot/product with the flag of Poland indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Poland.

Product Space of Poland (Flag) and Singapore (Flag) (2023)

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